# Central One Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/central-one-federal-credit-union-401k-plan

> Central One Federal Credit Union's 401(k) plan: 133 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Central One Federal Credit Union

- **Sponsor EIN:** 042158611

- **Sponsor Address:** PO BOX 280, SHREWSBURY, MA, 015450280

- **Plan Type:** 401(k)

- **Total Participants:** 133

- **Total Assets:** $20.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|133|$20.8M|$375,173|$759,011|

| 2023|124|$18.0M|$331,795|$674,463|

| 2022|116|$14.7M|$286,710|$606,834|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| CMFG LIFE INSURANCE COMPANY|NONE|$11,410|—|$11,410|

| BOLLUS LYNCH, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CMFG LIFE INSURANCE COMPANY](https://planprovider.pro/provider/trustage) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $11,410

- **Estimated Expense Ratio:** 0.055% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$11,410|—|$9,483|—|—|

| 2023|$8,922|—|$7,342|—|—|

| 2022|$9,725|$2,000|$7,725|—|—|

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